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We are on BPCS 8.0, with frozen standard costs.
Our Accounting people cost individual transactions into and out
of shop order WIP, in order to (among other things) maintain a balance
of parts charged into WIP, but we have difficulty comparing this book
balance to a stock record at month-end. This is a substantial asset, and
we need a way to reconcile its accuracy..
With parts inventory, the book balance can be compared to the
month-end by applying standard costs to the month-end inventory balance.
What methods are people using to generate the same sort of
comparison for WIP?
Dick Bailey
MCFA, Inc.
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